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Capitol Hill Briefing

Tax Expenditures and Tax Reform

Date and Time
-
Location
Rayburn House Office Building, Room 2060
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Featuring

Director of Tax Policy Studies; Former Deputy Staff Director at the US Congress Joint Economic Committee

Preston Brashers
Preston Brashers

Senior Policy Analyst, Tax Policy, Heritage Foundation

Max Hyman cropped
Max Hyman

Director for Government & External Affairs, Cato Institute

The 118th Congress is considering several tax reform proposals. Down the road, presidential candidates may propose tax reforms, and Congress will extend or allow to expire provisions of the Tax Cuts and Jobs Act. When Congress considers tax changes, tax expenditures usually come into play. In recent years, policymakers have battled over the state and local tax deduction, energy tax incentives, capital expensing, and many other tax provisions.

Which tax expenditures are justified? How are official tax expenditure lists flawed? Have recent tax changes increased or decreased tax expenditures? What reforms are needed for a simpler and flatter tax system?

Please join us at noon on Tuesday, July 25, in the Rayburn House Office Building, Room 2060, as our panel of experts discuss tax expenditures, tax reform, and what’s next on Washington’s tax agenda.

Lunch will be provided

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Featured Study

Tax Expenditures and Tax Reform

The federal income tax is continually changing. A Republican Congress cut taxes in 2017, and then a Democratic Congress raised taxes in 2022. Presidential candidates will likely propose reforms in 2024, and policymakers will decide whether to extend the Republican tax cuts after 2025.